# Energy Vault Holdings, Inc. (NRGV)

> Source: Nexqual · https://nexqual.com/NRGV · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, Energy Vault Holdings, Inc. (NRGV), nexqual.com/NRGV" · informational, not investment advice.

**Price:** USD 3.27 (+1.55% on the day) · last close of Oct 29, 2026; US market after hours, not a live price. Prev close 3.22 · day 3.2–3.4 · 52w 2.46–6.65 · market cap $595M · NYQ

## Key facts
- Analysts: Buy (mean 2.40 on a 1–5 scale) (5 analysts), mean target USD 5.96 (range 3–8.03).
- Next earnings: 2026-11-10, EPS estimate USD -0.15, revenue estimate $15.9M.

## Financials (SEC 10-K)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $0K | $146M | $342M | $46.2M | $204M |
| Gross profit | $0K | $59.3M | $17.5M | $6.2M | $48.0M |
| Operating income | -$29.5M | -$63.1M | -$107M | -$130M | -$74.4M |
| Net income | -$31.3M | -$78.3M | -$98.4M | -$136M | -$104M |
| EPS (diluted) | -$2.45 | -$0.64 | -$0.69 | -$0.91 | -$0.65 |
| Free cash flow | -$22.2M | -$25.7M | -$123M | -$115M | -$46.7M |
| Gross margin | — | 40.6% | 5.1% | 13.4% | 23.6% |
| Operating margin | — | -43.2% | -31.3% | -281.4% | -36.5% |
| Net margin | — | -53.7% | -28.8% | -293.8% | -50.9% |
| Revenue growth | — | — | +134.1% | -86.5% | +340.9% |
| Cash + short-term investments | $105M | $203M | $110M | $30.0M | $58.6M |
| Total debt | — | — | — | $0K | $99.6M |
Fiscal years end Dec. EPS is split-adjusted.

## Analysts
Consensus Buy (mean 2.40 on a 1–5 scale), 5 analysts; mean target USD 5.96 (low 3, high 8.03).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Citigroup | Target lowered | Buy | $6 → $4.75 |
| 2026-08-20 | Citigroup | Target raised | Buy | $5 → $6 |
| 2026-08-12 | Roth Capital | Target raised | Buy | $5 → $7 |
| 2026-08-12 | Cantor Fitzgerald | Reiterated | Overweight | $7 |
| 2026-07-22 | Citigroup | Upgrade | Neutral → Buy | $5.25 → $5 |

## More
Full page: https://nexqual.com/NRGV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.15 | $-0.12 | −$0.03 | $15.9M | 4 |
| Next quarter (ends 2026-12-31) | $0.09 | $0.04 | +150.4% | $240.5M | 4 |
| Current fiscal year (ends 2026-12-31) | $-0.29 | $-0.32 | +$0.03 | $294.9M | 5 |
| Next fiscal year (ends 2027-12-31) | $-0.14 | $-0.20 | +$0.07 | $487.1M | 5 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | −$0.14 | −$0.13 | Miss −7.7% | — |
| — | Quarter ended Mar 31, 2026 | −$0.12 | −$0.10 | Miss −20.0% | — |
| — | Quarter ended Dec 31, 2025 | $0.02 | −$0.02 | Beat +$0.04 | — |
| — | Quarter ended Sep 30, 2025 | −$0.10 | −$0.05 | Miss −100.0% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-09-22 | 8-K | New debt or off-balance-sheet obligation — “On September 18, 2026, Development Vault, LLC, a Delaware limited liability company (the "Borrower"), an indirect subsidiary of Energy Vault Holdings, Inc. ("Energy Vault" or the "Company"), entered into an amended and restated financing agreement (the "Financing Agreement") with S2G Builders Special Opportunities Fund I, LP, a Delaware limited partnership, as administrative agent and collateral agent, and each of the lenders party thereto. The Financing Agreement provides for a senior secured delayed draw term…” | https://www.sec.gov/Archives/edgar/data/1828536/000182853626000111/0001828536-26-000111-index.htm |
| 2026-08-20 | 8-K | Entered a material agreement; New debt or off-balance-sheet obligation — “On August 14, 2026, EV Gen Set 1, LLC, a Delaware limited liability company (the "Borrower") and EV Gen Set I HoldCo, LLC, a Delaware limited liability company ("Holdings"), each a subsidiary of Energy Vault Holdings, Inc. (the "Company"), entered into a credit agreement (the "Credit Agreement") with CSC Delaware Trust Company, as administrative agent and collateral agent, and each of the lenders party thereto. The Credit Agreement provides for a senior secured term loan facility in an aggregate principal amount…” | https://www.sec.gov/Archives/edgar/data/1828536/000182853626000106/0001828536-26-000106-index.htm |
| 2026-08-14 | Schedule 13G | Scoggin International Fund Ltd., Scoggin Management LP: 6.3% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1828536/000119380526001092/0001193805-26-001092-index.htm |
| 2026-08-11 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1828536/000182853626000101/0001828536-26-000101-index.htm |
| 2026-08-11 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1828536/000182853626000100/0001828536-26-000100-index.htm |
| 2026-07-28 | Schedule 13G | BlackRock, Inc.: 6.0% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1828536/000201238326002483/0002012383-26-002483-index.htm |
| 2026-07-17 | 8-K | Director or executive officer change, or pay arrangement; Regulation FD disclosure — “On July 14, 2026, the Board of Directors of Energy Vault Holdings, Inc. (the "Company") appointed Nitin Dahiya to serve as Chief Financial Officer of the Company beginning July 27, 2026. Nitin Dahiya, 49, has served as a Senior Portfolio Manager and Investment Committee member at BlackRock, Inc. since 2018, where he has led investments and financing transactions across specialty finance, energy and energy transition, and special situations. Prior to joining BlackRock, Mr. Dahiya served as an investor at Paulson &…” | https://www.sec.gov/Archives/edgar/data/1828536/000182853626000090/0001828536-26-000090-index.htm |
| 2026-07-01 | 8-K | Entered a material agreement; New debt or off-balance-sheet obligation; Unregistered sale of shares; Regulation FD disclosure — “Amendment to AR Convertible Debentures Securities Purchase Agreement As previously disclosed, on May 18, 2026, Energy Vault Holdings, Inc. (the "Company") entered into a Securities Purchase Agreement (the "Purchase Agreement") with YA II PN, Ltd. (the "Investor"), pursuant to which the Company agreed to issue and sell senior secured convertible debentures in multiple tranches with an aggregate principal amount of up to $75.0 million and an initial tranche of $42.0 million funded at closing (the "Tranche 1 AR…” | https://www.sec.gov/Archives/edgar/data/1828536/000182853626000083/0001828536-26-000083-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.